As with simple linear regression, we desire the residuals to:
- Have constant variance.
- Have a mean close to 0.
<h3>What is a simple linear regression?</h3>
It should be noted that a simple linear regression simply means a model that describes the relationship between a dependent variable and an independent variable.
In this case, as with simple linear regression, we desire the residuals to have constant variance and have a mean close to 0.
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I’m not really sure if it correct, g(1)=0 or g(1)=1??
The amount add to the borrower's monthly payment is $313.33.
Given that lender requires PMI that is 0.8% of the loan amount of $470,000.
A loan's PMI, or personal mortgage insurance, is a type of mortgage insurance used by lenders when making traditional loans such as home loans. A PMI helps cover the loss to the lender (bank) if the borrower stops making monthly mortgage payments on their home loan. Therefore, the PMI can be described as a kind of risk mitigation tool for the bank when the borrower defaults on their EMIs (monthly mortgage payments). So, PMI for a borrower is an additional cost or payment for the borrower on top of his monthly payments i.e. EMI.
Thus, the additional amount of dollars that the borrower has to pay for the PMI on his loan along with his monthly mortgage payments
= Principal Loan amount × (PMI/12)
= $470,000 × (0.8%/12)
= $470,000 × (0.008/12)
= $470,000 × 0.0006666667
=$313.333349
Hence, the additional monthly payment for PMI where lender requires PMI that is 0.8% of the loan amount of $470,000 is $313.33.
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Answer:
29.63
Step-by-step explanation:
Since there is already 28.3 grams in the container, you just have to subtract 57.93 and 28.3 to get your answer because 57.93 is the total.
Let the second side be x
then,
first side = twice the length of the second side
= 2x
third side = 20 feet less than three times the second side
3 (second side ) - 20
= 3 (2x) -20
= 6x - 20
perimete of a triangle = sum of all sides,
substitute the values we know,
and you'll be left with this equation
106 = x + 2x + 6x - 20
106+ 20 = 9x
126 = 9x
126/9 = x
14 = x
so,
measure of second side = x = 14 feet
measure of first side = 2x = 2 (14) = 28 feet
measure of thurd side = 6x - 20 = 6 (14)-20 = 84- 20 = 64 feet.